REGISTERED NUMBER: 10765888 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st May 2023

for

Frankly Fish & Chips Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms. L M Ives

S A I Franklin

REGISTERED OFFICE:

12 Park Road

Granborough

Buckingham

MK18 3NS

REGISTERED NUMBER:

10765888 (England and Wales)

ACCOUNTANTS:

Courts Accountancy Services Ltd

Investment House

24 Vicarage Road

Winslow

Buckinghamshire

MK18 3BE

FIXED ASSETS

Property, plant and equipment

4

49,549

31,014

CURRENT ASSETS

Debtors

5

59,633

34,860

Cash at bank and in hand

26,768

28,726

86,401

63,586

CREDITORS

Amounts falling due within one year

6

182,023

110,294

NET CURRENT LIABILITIES

(95,622

)

(46,708

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(46,073

)

(15,694

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(46,173

)

(15,794

)

(46,073

)

(15,694

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th November 2025 and were signed on its behalf by:

Ms. L M Ives - Director

S A I Franklin - Director

1.	STATUTORY INFORMATION

Frankly Fish & Chips Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

Straight line over 4 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1st June 2022

55,269

Additions

35,052

At 31st May 2023

90,321

DEPRECIATION

At 1st June 2022

24,255

Charge for year

16,517

At 31st May 2023

40,772

NET BOOK VALUE

At 31st May 2023

49,549

At 31st May 2022

31,014

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Trade debtors

12,213

16,178

Other debtors

47,420

18,682

59,633

34,860

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Bank loans and overdrafts

40,857

47,103

Trade creditors

90,454

27,265

Taxation and social security

80,052

44,462

Other creditors

(29,340

)

(8,536

)

182,023

110,294

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st May 2023 and 31st May 2022:

31.5.23

31.5.22

£

£

Ms. L M Ives

Balance outstanding at start of year

4,679

-

Amounts advanced

28,286

4,679

Amounts repaid

(16,193

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,772

4,679

S A I Franklin

Balance outstanding at start of year

14,001

-

Amounts advanced

35,799

14,001

Amounts repaid

(18,526

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

31,274

14,001